Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Piscataqua Savings Bank

Piscataqua Savings Bank lowered its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,211 shares of the company’s stock after selling 1,319 shares during the period. Piscataqua Savings Bank’s holdings in Invesco Preferred ETF were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP acquired a new position in Invesco Preferred ETF in the 4th quarter valued at about $110,748,000. Bank of America Corp DE increased its position in Invesco Preferred ETF by 14.9% in the 4th quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock valued at $731,171,000 after acquiring an additional 8,205,825 shares during the period. Cohen & Steers Inc. increased its position in Invesco Preferred ETF by 2,643,140.2% in the 4th quarter. Cohen & Steers Inc. now owns 4,995,724 shares of the company’s stock valued at $57,601,000 after acquiring an additional 4,995,535 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco Preferred ETF in the 4th quarter valued at about $29,537,000. Finally, JPMorgan Chase & Co. increased its position in Invesco Preferred ETF by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock valued at $47,833,000 after acquiring an additional 2,359,356 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $11.02 on Friday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.54. The stock’s 50-day moving average price is $11.00 and its 200 day moving average price is $11.42.

Invesco Preferred ETF Company Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.